Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window)
* Apple, Microsoft, chip stocks boost tech
* All 11 major S&P 500 sectors in the black
* Best Buy falls on weak same-store sales forecast
* Dollar General climbs after raising profit forecast
* Indexes up: Dow 1.34%, S&P 1.35%, Nasdaq 1.55% (Updates to early afternoon)
Aug 29 (Reuters) - Wall Street's main indexes surged on Thursday, boosted by technology stocks, as China sounded hopeful on trade negotiations with the United States, lifting investor sentiment that has been dented by growing worries of a recession.
China's commerce ministry said both sides are discussing the next round of talks scheduled in September and hoped U.S. officials could cancel the planned additional tariffs to avoid an escalation.
President Donald Trump said in a Fox News radio interview that trade talks were scheduled for Thursday "at a different level," but did not provide additional details.
Tariff-sensitive tech stocks jumped 1.84%, boosted by gains in Apple Inc and Microsoft Corp.
Chipmakers, which draw a large part of their revenue from China, also gained, sending the Philadelphia chip index up 2.76%.
"Markets are trading on hopes because they (U.S. and China) are going to be talking and for the time being things aren't getting worse," said Larry Adam, chief investment officer at Raymond James in Baltimore.
"China is giving the U.S. another chance because we have seen weaker data coming out of both sides and it is important for them to extend the olive branch."
Dollar General Corp was the top gainer among S&P 500 companies after its shares rose 10% on upbeat full-year profit forecast.
Wall Street's rise hit a bump earlier in the session after European Central Bank policy maker Klaas Knot was reported to have said that the euro zone economy did not warrant a resumption of bond purchases.
At 12:57 p.m. ET, the Dow Jones Industrial Average was up 348.64 points, or 1.34%, at 26,384.74 and the S&P 500 was up 38.89 points, or 1.35%, at 2,926.83.
The Nasdaq Composite was up 121.62 points, or 1.55%, at 7,978.50.
Still, the three main indexes are on course to log their worst monthly performance since a selloff in May, on fears that tit-for-tat tariffs will drive the global economy into recession.
Investors will keep a close watch on the monthly jobs numbers and manufacturing data next week that will provide guidance on the likelihood of another rate cut from the Federal Reserve at its mid-September meeting.
The Trump administration on Wednesday made official its additional 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, prompting several hundreds of U.S. companies to warn of price hikes.
A number of companies, including Best Buy Co Inc and Abercrombie & Fitch Co, that reported results earlier in the day warned of the impact from tariffs on their sales.
Shares of the U.S. consumer electronics retailer slid 8.7%, to the bottom of the S&P 500, while those of the teen retailer tumbled 15%.
Advancing issues outnumbered decliners by a 3.81-to-1 ratio on the NYSE and by a 3.10-to-1 ratio on the Nasdaq.
The S&P index recorded 22 new 52-week highs and no new low, while the Nasdaq recorded 33 new highs and 39 new lows. (Reporting by Akanksha Rana, Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Anil D'Silva and Shounak Dasgupta)